The YEN has weakened since the new election of Japan's PM and BOJ's rate hikes. BoE's GDP data is looking positive towards the bullish, all that is needed is some momentum found on the RSI. Plus volume as of 10 am is looking pretty still. Be on the lookout!
As I mentioned yesterday there wasn't enough momentum signified by the RSI. Even though it was a slow PB it still occurred. (Momentum + Volume =Volatility) you just have to understand the market bias. Have a good day of trading!
As you can see on the multiple time frames right now the usd/yen is weakening it doesn't have enough volume to continue the trend. A liquidity grab is about to happen at the end of the LONDON session bringing it down to fake out people out of their equity.
